China Approves Yuan Ji Food's Hong Kong IPO and Domestic Share 'Full Circulation'

According to China Securities Regulatory Commission on July 17, Yuan Ji Food Group received approval for its Hong Kong IPO and domestic shareholders' share conversion. The company plans to issue no more than 23.824 million overseas-listed ordinary shares on the Hong Kong Stock Exchange. Twenty domestic shareholders will convert a combined 82.176 million unlisted domestic shares into overseas-listed shares for trading on HKEX.

Yuan Ji Food operates "Yuan Ji Yun Jiao" (dumplings) and "Yuan Ji Wei Xiang" (retail) brands. Revenue reached 20.26 billion yuan in 2023 and 25.61 billion yuan in 2024, up 26% year-over-year. As of September 30, 2025, the company operated 4,266 stores with total GMV of 62.48 billion yuan in 2024, up 31% from 47.72 billion yuan in 2023.